02 Feb 2010

Clayton Utz advises on CSG's institutional placement

Melbourne, 2 February 2010: Clayton Utz has advised Macquarie Capital Advisers as underwriter of CSG Limited's fully underwritten A$65 million institutional placement, which completed in January.

Undertaken in two tranches, the Offer was very well-received with strong demand from both existing and new institutional investors.

Proceeds from the Offer will be used to fund the acquisition of a 90% interest in Konica Minolta Business Solutions New Zealand Limited, New Zealand’s market leading print services business.

Clayton Utz' lead partner on the transaction, Melbourne Corporate partner Brendan Groves, said: "Clayton Utz is pleased to have assisted our client Macquarie Capital Advisers as manager and underwriter on this very successful raising. This transaction is the latest in a long line of strategic equity raisings, large and small, that we have helped our clients bring to market – acting for both issuers and lead managers.

"In the year ahead, we anticipate more raisings to fund strategic acquisitions of this type."

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.